Visteon (NASDAQ:VC) PT Lowered to $117.00

Visteon (NASDAQ:VC) had its target price cut by equities researchers at The Goldman Sachs Group from $130.00 to $117.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price indicates a potential upside of 24.88% from the stock’s current price.

A number of other equities analysts have also weighed in on the stock. Baird R W lowered shares of Visteon from a “strong-buy” rating to a “hold” rating in a report on Friday, July 12th. UBS Group decreased their target price on shares of Visteon from $144.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Royal Bank of Canada decreased their target price on shares of Visteon from $144.00 to $129.00 and set an “outperform” rating for the company in a research note on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $124.00 target price on shares of Visteon in a research note on Tuesday, September 10th. Finally, Citigroup cut their price objective on shares of Visteon from $139.00 to $126.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Visteon has an average rating of “Moderate Buy” and an average price target of $129.21.

Visteon Stock Down 1.6 %

Shares of VC traded down $1.55 during mid-day trading on Tuesday, reaching $93.69. The company had a trading volume of 124,518 shares, compared to its average volume of 266,804. Visteon has a 52 week low of $88.37 and a 52 week high of $139.13. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 5.35, a price-to-earnings-growth ratio of 0.47 and a beta of 1.46. The firm has a 50-day moving average price of $99.49 and a 200 day moving average price of $106.70. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.50 and a current ratio of 1.85.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, July 25th. The company reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.58. Visteon had a net margin of 13.79% and a return on equity of 51.69%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the business earned $1.18 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, sell-side analysts forecast that Visteon will post 8.06 EPS for the current year.

Insider Buying and Selling

In other news, SVP Joao Paulo Ribeiro sold 3,859 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $111.73, for a total transaction of $431,166.07. Following the transaction, the senior vice president now directly owns 5,988 shares of the company’s stock, valued at $669,039.24. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Visteon

A number of institutional investors have recently modified their holdings of VC. Signaturefd LLC boosted its stake in shares of Visteon by 70.8% during the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock valued at $31,000 after purchasing an additional 119 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Visteon by 98.6% during the fourth quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock valued at $36,000 after purchasing an additional 142 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Visteon during the first quarter valued at approximately $48,000. Mather Group LLC. bought a new position in shares of Visteon during the second quarter valued at approximately $59,000. Finally, TFO Wealth Partners LLC boosted its stake in shares of Visteon by 52,400.0% during the fourth quarter. TFO Wealth Partners LLC now owns 525 shares of the company’s stock valued at $66,000 after purchasing an additional 524 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Visteon Company Profile

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.